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Delta expects N198.5 billion from the federation
account in 2013  
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African Examiner
Saturday, January 05, 2013
Copyrights © 2007  All Rights Reserved African Examiner Online is owned by RD Frontline LLC, a state of Maryland registered company
P. O. Box 11582 Baltimore, Maryland, 21229, USA Tel: 443-904-1239. Editor-In-Chief: Oludare Sunday Fase
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The Delta State government says the sum of N198.5 billion is
expected from the statutory allocation of the federation account in
the 2013 fiscal year.

The commissioner for Economic Planning, Mr. Kenneth Okpara
stated this in Asaba while briefing newsmen on the budget
breakdown presentation.

According to him, the sum of N10,100,855,881 or 6.54% was
received from the capital revenues against the proportionate budget
of N154,334,845,082 during the period under review.

The commissioner explained that the sum of N188,454,698,016 was
spent from January to September 2012, adding that out of this
amount the sum of N124,537,941,057 was spent on recurrent items
as against a proportionate approved budget of N135,634,947,825
representing a budget performance of 91.82% .

He said that the state government has mapped out clear strategies
to sustain its determination in improving internal revenue generating
efforts, positing that the sum of N61, 440,624,172 was being
expected from internally generated revenue in 2013 as against the
sum of N51, 447,050,501 approved for the 2012 fiscal year adding
that the IGR estimated for 2013 is higher than the 2012 approved
estimates.

On the statutory allocation, the commissioner stated that the sum of
N198,513,285,148 was being expected from the federation account
in the 2013 fiscal year, pointing out that the amount would be more
than the N170,000,000,000 budgeted in 2012 by N28,513,285,148
or 16.77%

On capital expenditure, the commissioner noted that the increase in
statutory allocation was informed by higher expectations from oil
revenue next year. He emphasized that the sum of N126,
921,344,146 was proposed as capital receipts/miscellaneous for
2013 adding that the decrease of N78,858,449,296 or 38.32% from
N205,779,793,442 approved for the 2012 budget.

He said the decrease was a cautious approach to minimize deficit
budget (i.e. which is part of the other capital/receipts/miscellaneous)
in 2013. Mr. Nwankwo concluded that apart from deficit financing
others included in this category are grants, counterpart funding as
well as contributions from the federal government and return on
investment and other incomes like SURE-P.

OCHEI MATTHEW, ASABA/National Accord
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